Border Bank Home Loan Review
Last updated on August 16th, 2022
Read Here for Our Border Bank Home Loan Review:
A Border Bank loan is one of the choices you have if you’re looking to finance your home purchase. Being supervised by the Australian Prudential Regulation Authority (APRA), you can be sure that your home loan funds are secure.
What Home Loans are Available from Border Bank?
Border Bank loans can be for both owner-occupied and investment purposes. There are three main home loan offers that you can go for:
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- Features: This loan is great for first-time home buyers. You only initially need to deposit 5%, with no need to pay insurance for lender mortgage premiums.
- Only for owner-occupation purposes
- Principal and Interest Rates
Variable 1 Year 2 Years 3 Years 5 Years Variable/Fixed Rate 2.79% p.a. variable
2.69% p.a. fixed
2.69% p.a. fixed
2.49% p.a. fixed
2.59% p.a. fixed
Comparison Rate 2.87% p.a. 2.86% p.a. 2.85% p.a. 2.79% p.a. 2.79% p.a. - Interest Rates Only:
Variable 1 Year 2 Years 3 Years Variable/Fixed Rate 2.79% p.a. variable
2.69% p.a. fixed
2.69% p.a. fixed
2.49% p.a. fixed
Comparison Rate 2.84% p.a. variable
2.83% p.a. fixed
2.82% p.a. fixed
2.75% p.a. fixed
Goldrate Home Loan
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- Features: Goldrate has a minimum loan amount of $50,000. For eligibility, current members of Border Bank must borrow an additional minimum amount of $50,000.
- For both owner-occupation and investment purposes
- Rates:
Owner-occupied with a loan to value ratio of up to 80% Owner-occupied with a loan to value ratio of up to 95% Investment with a loan to value ratio of up to 90% Variable 2.79% p.a. 2.87% p.a. comparison rate
3.11% p.a. 3.19% p.a. comparison rate
3.34% p.a. 3.42% p.a. comparison rate
1 Year Fixed 2.69% p.a. 2.86% p.a. comparison rate
2.89% p.a. 3.17% p.a. comparison rate
2.99% p.a. 3.39% p.a. comparison rate
2 Years Fixed 2.69% p.a. 2.85% p.a. comparison rate
2.89% p.a. 3.15% p.a. comparison rate
2.99% p.a. 3.36% p.a. comparison rate
3 Years Fixed 2.49% p.a. 2.79% p.a. comparison rate
2.69% p.a. 3.08% p.a. comparison rate
2.99% p.a. 3.33% p.a. comparison rate
5 Years Fixed 2.59% p.a. 2.79% p.a. comparison rate
3.09% p.a. 3.18% p.a. comparison rate
3.19% p.a. 3.36% p.a. comparison rate
Customs Value Home Loan
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- Features: These offers are available to employees of Customs and Border Protection Services, as well as Australian Quarantine Inspection Services.
- For both owner-occupation and investment purposes
- Rates
Owner-occupied loan to value ratio of up to 90% Owner-occupied loan to value ratio of up to 95% Investment Variable 2.79% p.a. 2.87% p.a. comparison rate
3.11% p.a. 3.19% p.a. comparison rate
3.34% p.a. 3.42% p.a. comparison rate
1 Year Fixed 2.69% p.a. 2.86% p.a. comparison rate
2.89% p.a. 3.17% p.a. comparison rate
2.99% p.a. 3.39% p.a. comparison rate
2 Years Fixed 2.69% p.a. 2.85% p.a. comparison rate
2.89% p.a. 3.15% p.a. comparison rate
2.99% p.a. 3.36% p.a. comparison rate
3 Years Fixed 2.49% p.a. 2.79% p.a. comparison rate
2.69% p.a. 3.08% p.a. comparison rate
2.99% p.a. 3.3% p.a. comparison rate
5 Years Fixed 2.59% p.a. 2.79% p.a. comparison rate
3.09% p.a. 3.18% p.a. comparison rate
3.19% p.a. 3.36% p.a. comparison rate
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How Do You Become a Member?
Becoming a member is easy! If you want to switch to a Border Bank loan, you have to do are the following:
- Open a transaction account.
- Declare your existing debits and credits using the account switching form. These, along with periodical payments, will then be re-established when the switch is underway.
- Set up and re-establish internet banking, as well as regular payments for credit and debit cards.
- Close old accounts.
Compare a Border Bank Loan with Home Loans from Different Lenders
Border Bank has great rates but is by no means the only one worth considering. To help you make the right choice, why not consult with a comparison site?
If you’re looking for a comparison site that can help, Makes Cents is an excellent choice. You will be able to compare loans side-by-side to help you see which one is the best for you.
Our Border Bank Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents.
